Gold Movement
For the 24 hours to 23:00 GMT, Gold declined 0.81% against the USD and closed at USD1337.50 per ounce on Friday, amid a broad strength in the greenback.
In the Asian session, at GMT0300, the pair is trading at 1335.30, with gold trading 0.16% lower against the USD from Friday’s close.
The pair is expected to find support at 1330.73, and a fall through could take it to the next support level of 1326.17. The pair is expected to find its first resistance at 1343.33, and a rise through could take it to the next resistance level of 1351.37.
The yellow metal is trading below its 20 Hr and 50 Hr moving averages.
